TOTAL REV $20.32M
TOTAL EXP $17.83M
NET $2.48M

Investment Profile · FY 2019

Butler University

Indianapolis, Indiana · Other · Private nonprofit, 4-year or above · Enrollment 4,485

Additional affiliation: Division 1-A FCS

ZIP 46208 · IPEDS unitid 150163

Revenue Percentile (Division)
99th

Key Financial Metrics · 2019

Total Revenue
$20.32M

Total Expenses
$17.83M

Net Result
$2.48M

Unique Athletes
177

Revenue & Expense Trend (2015–2019)

20152016201720182019

Revenue
Expenses

Gender Investment Allocation

Men’s programs 64.5%Women’s programs 35.5%

$13.11M
$7.2M

Enrollment Trend (2015–2019)

20152016201720182019

Total
Men
Women

Total enrollment grew by 531 (13.4%) from 2015 to 2019.

Classification & Sector History

Year Men Women Total Classification Sector
2015 1,576 2,378 3,954 Other Private nonprofit, 4-year or above
2016 1,680 2,491 4,171 Other Private nonprofit, 4-year or above
2017 1,648 2,502 4,150 NCAA Division I-FCS Private nonprofit, 4-year or above
2018 1,827 2,668 4,495 NCAA Division I-FCS Private nonprofit, 4-year or above
2019 1,786 2,699 4,485 NCAA Division I-FCS Private nonprofit, 4-year or above

Sport Program Investment

Revenue by sport

Basketball

$10.24M

Soccer

$2.5M

Football

$1.24M

All Track Combined

$1.24M

Baseball

$1.19M

Softball

$882K

Volleyball

$874.7K

Tennis

$727.1K

Golf

$589.9K

Lacrosse

$586.5K

Expense by sport

Basketball

$8.15M

Soccer

$2.41M

Football

$1.25M

All Track Combined

$1.17M

Baseball

$1.12M

Softball

$873.1K

Volleyball

$876.5K

Tennis

$634.7K

Golf

$580.5K

Lacrosse

$544.9K

Sport-by-sport profile table

Sport Men Women Revenue Expense Net
Basketball 2 16 36 $10.24M $8.15M $2.09M
Soccer 15 31 28 $2.5M $2.41M $86.5K
Football 7 103 0 $1.24M $1.25M $-7.4K
All Track Combined 3 86 74 $1.24M $1.17M $66.6K
Baseball 1 38 0 $1.19M $1.12M $75.6K
Softball 16 0 23 $882K $873.1K $8.9K
Volleyball 26 0 17 $874.7K $876.5K $-1.8K
Tennis 22 11 12 $727.1K $634.7K $92.4K
Golf 8 10 10 $589.9K $580.5K $9.4K
Lacrosse 11 0 45 $586.5K $544.9K $41.6K
Swimming 19 0 30 $240.6K $221.5K $19.1K

Participation & Revenue-per-Athlete

Revenue / Unique Athlete
$114.8K

Athletes Tracked
177

Top Sport Share
Basketball · 50.4%

Program Count
11

Unique men
103

Unique women
74

Per-sport slots
570

Multi-sport coeff
3.22x

Coed men

Coed women

The program has 177 unique athletes filling 570 sport roster slots — a 3.22x multi-sport coefficient indicating extensive cross-sport participation.

Division & Classification Context

Classification
Other
Sector
Private nonprofit, 4-year or above
Total Enrollment
4,485
Revenue Tier
Top-tier (99th pct.)
Peers in Division
83 schools
Peers in Indiana
41 schools

Peer Benchmark

Peer School State Revenue Net Δ vs. subject
Johns Hopkins University MD $7.84M $365.2K $-12.48M
Rochester Institute of Technology NY $5.18M $335.1K $-15.14M
Inter American University of Puerto Rico-San German PR $2.55M $0 $-17.76M
Saddleback College CA $2.3M $11.2K $-18.02M
Harcum College PA $2.21M $0 $-18.1M

Financial Ratios & Investment Lens

Metric Value Definition
Subsidy Rate 0.0% Expense shortfall as % of revenue
Revenue / Enrollment $4.5K Athletic revenue per enrolled student
Expense Ratio 87.8% Expenses as % of revenue
Top Sport Share 50.4% Revenue concentration in top program
Division Percentile 99th Revenue rank within Other

Source: U.S. Department of Education — Equity in Athletics Data Analysis (EADA). Fiscal year 2019. Last updated April 18, 2026.